We are pleased to announce the launch of the Endowment reporting section following the successful execution of [EP3.4] Fund the Endowment (first tranche) and the receipt of 16,000 ETH for the Endowment.
Each week, on Mondays, we will post a link to a PDF file containing the latest report, which will
include the following sections:
- Portfolio Summary
Weekly Operational Report
Our weekly report will focus on the operational side while @steakhouse will provide global financial reporting through their monthly reports. Karpatkey is currently working on an online reporting solution with live dashboards. In the meantime, we will provide periodic reports that will act as weekly snapshots in PDF format. To keep the forum uncluttered, each new report will be added as a comment to this post.
It is customary for Karpatkey to create reports for every DAO we collaborate with on Mondays. Last week was no exception, so the first ENS report was created. However, it was not published on the forum due to the fact that the execution of the strategy had barely started so there was not enough information to share. All in all, in order to keep all the information organized and transparent, we provide links to the two reports that were created so far.
Endowment report - 1st week: Link to PDF
Endowment report - 2nd week: Link to PDF
Managed wallet (Endowment): Link to Etherscan
As outlined in the Endowment initiation post, we executed the first scheduled actions on March 8th. For a detailed breakdown of each week’s specific actions, please refer to the Strategy Overview section in our weekly reports.
Last week, we continued with our intended strategies but made the decision to put the Stakewise v2 strategy on hold for a specific reason. Stakewise is preparing to launch their v3 version, which will introduce new and exciting features, but will also make significant changes to the protocol. While we wait for this event, we will stake the ETH portion assigned to this strategy on Lido, improving our capital efficiency.
Additional comments on exceptional market events
The first week of the Endowment was marked by unprecedented events, with breaking news about problems with SVB bank and potential implications for Circle, the issuer of USDC, emerging towards the end of the week. Thanks to our alert systems, we quickly identified abnormal on-chain activity.
After extensive analysis and internal discussions, we decided not to take further action unless new meaningful information came to light. We communicated our strategy to relevant stakeholders from different DAOs we partner with and continued to carefully monitor the events and market evolution.